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Lumber Prices Have Taken a Big Chop. Where They’re Headed Now.

The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. Lumber has bucked the overall uptrend in the commodities market. The S&P Goldman Sachs Commodity Index, composed of 24 exchange-traded commodity futures contracts, jumped 26% in 2022’s first half.
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